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The net income for a firm is currently $1,000,000 and is projected to grow annually for the next four years as follows: $1,200,000, $1,300,000 $1,500,000
The net income for a firm is currently $1,000,000 and is projected to grow annually for the next four years as follows: $1,200,000, $1,300,000 $1,500,000 and $1,700,000. Assuming the dividend payout ratio is 20% and ther are 1,000,000 shares outstanding, what is the current dividend per share? Futher assuming that the firm does not change its stated divided, what is the dividend payout ratio for the next four years.(Note: All figures are in thousands)
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